Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: The Perfect Hedge who wrote (29822)	10/1/1998 10:05:00 PM
From: bobby beara	of 94695

beeble beee I put some sell limit orders in today, but I'm cancelling them tonight after looking at the charts. I believe we are headed toward the April highs in the XAU lickety split, overbought and all. I believe we've seen one of the most dramatic flushes of a financial asset on September 1st of all time and this reversal is proving me right. Gold stocks are underfollowed, undercapitalized and way way way overshorted by dying hedge funds that are scared doo doo less trying to figure out a way to get out of the way of the freight train. The Gold miners have huge hedge contracts that they will be undwinding NOW NOW NOW!!!! With the small amount of issues in this sector - AND THIS SECTOR THE ONLY ONE GOING UP!!!!!!!!!!!!!!!!!!!! can you imagine what can happen in this sector! Fund managers normally don't short. So mega capital will come to the few sectors that go up. The internets will be puppys compared to the big dogs ABX, NEM and HM. YU HERD IT HERE FROM BEE! remember me in your will - please -g- bb

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